Lawyer Bill Morgan questions ‘very strange’ XRP price movement after legal clarity
After a prolonged legal battle, XRP gained partial regulatory clarity when the court declared it not a security in the Securities Exchange Commission (SEC) case, a factor anticipated to boost its price. However, while there was an initial surge post-legal clarity, XRP later corrected to align with the broader market. In this line, pro-Ripple lawyer Bill Morgan, in an X (formerly Twitter) post on November 29, expressed his surprise and concern over the seemingly sluggish price performance of XRP compared to other major cryptocurrencies. Morgan raised questions about the peculiar market behavior of XRP even after the digital asset obtained legal clarity following a period of scrutiny by the SEC. He suggested that XRP would have likely maintained a growth trajectory similar to other cryptocurrencies without the legal case. “Wow. I never realized XRP’s price performance was this poor compared to other major coins and not only compared to Bitcoin and Ethereum. It...